China's economy hits slowest growth since 2009

April 15, 2015 3:44 AM

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BEIJING — China's once rampaging economic growth slowed to 7% in the first quarter of 2015, its slowest rate of expansion since 2009, the government announced Wednesday.

The figure, expected by many economists, came a day after Chinese Premier Li Keqiang pledged to take steps to boost the world's second largest economy. Growth of 7% from January to March was the lowest since the first quarter of 2009, when China was reeling from the global financial crisis.